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Daily FT

Colombo land valuation growth accelerates in 1H 2025

CBSL Land Valuation Indicator for Colombo district sees annual and semi-annual growth gaining momentum

1 min  |

August 28, 2025

Daily FT

President brainstorms industrial growth ahead of Budget 2026

Chairs pre-Budget discussion focused on raising industrial sector share of GDP O Plans include new industrial zones, SME loans and export facilities

1 min  |

August 28, 2025

Daily FT

People’s Bank reports all-time-high 1H Rs. 28 b PBT

PEOPLE'S Bank yesterday said it reported an all-time-high Profit Before Tax (PBT) of Rs. 28 billion in the first half of 2025.

3 min  |

August 28, 2025

Daily FT

Maga Engineering gets Rs. 1.2 b contract to fix Southern Expressway flaws

Minister Vijitha Herath admits road not built to quality standards

1 min  |

August 28, 2025

Daily FT

Project to strengthen Norocholai power plant’s backup systems gets Cabinet nod

FOREIGN Affairs Minister Vijitha Herath yesterday said the Cabinet of Ministers has given the Ceylon Electricity Board (CEB) the green light to implement a project to establish an optimal integrated electricity supply chain to support the resilient coolant system and boiler catchment hydro supply system at the Norocholai Lakvijaya Coal Power Plant.

1 min  |

August 28, 2025

Daily FT

Govt. reaffirms sovereignty over Kachchatheevu amid Indian election rhetoric

Foreign Affairs Minister Vijitha Herath says no change in ownership indicated by Indian Govt. or through diplomatic channels

1 min  |

August 28, 2025

Daily FT

NMSJ questions due process, raises concerns about Wickremesinghe arrest

National Movement for Social Justice reiterates call to abolish Executive Presidency for a just society Arrest of former President Ranil Wickremesinghe seen as pre-planned political move Use of Penal Code instead of Anti-Corruption Act raises concerns of prosecutorial abuse Timing of arrest before long weekend questioned as attempt to block legal redress

3 min  |

August 28, 2025

Daily FT

Pradeep Kahawalage elected to chair CNCI

PRADEEP Kahawalage was elected as the Chairman of the Ceylon National Chamber of Industries (CNCI) at the 64th Annual General Meeting (AGM).

1 min  |

August 28, 2025
Daily FT

Daily FT

Gauff 'mentally exhausted' after US Open first-round win

HOME favourite Coco Gauff came through a stern examination of her troublesome serve to beat Australia’s Ajla Tomljanovic in a competitive US Open first-round match.

1 min  |

August 28, 2025

Daily FT

AgStar appoints two Non-Executive Directors

AGSTAR PLC yesterday said it has appointed Sanjaya Nissanka and Shamal Abeysinghe as non-executive directors to its board.

1 min  |

August 28, 2025

Daily FT

LCB Finance steps into Kurunegala

LANKA Credit and Business Finance PLC recently opened its 22nd branch, at No 7 Wehera Junction, Colombo Road, Kurunegala.

1 min  |

August 28, 2025
Daily FT

Daily FT

Ranil’s arrest, political ethics and seeing “this administration’s true face”

WHEN Napoleon ordered the execution of the Duc d’Enghien, a Bourbon prince, in 1804, the great French diplomat and thinker Talleyrand reportedly said “it is worse than a crime, it is a blunder”.

10 min  |

August 28, 2025

Daily FT

President tells exporters pay taxes for support

AKD meets tea, coconut, rubber exporters for pre-Budget 2026 discussion Says Govt. reviving economy without artificial controls by encouraging production Asserts export growth, building reserves a priority

1 min  |

August 28, 2025
Daily FT

Daily FT

Companies (Amendment) Act No. 12 of 2025: What it means for businesses

DELOITTE Sri Lanka views the Companies (Amendment) Act No. 12 of 2025, which was officially certified and passed into law on 4 August 2025, as a major milestone for the country’s corporate sector and a critical step in strengthening the governance framework.

4 min  |

August 28, 2025

Daily FT

Science at the heart of democracy: Blueprint for Sri Lanka

WHEN Vikings arrived in Iceland towards the end of the 8th century, they gathered on a midsummer's day to hear the laws of the land proclaimed, air grievances, and seek justice.

3 min  |

August 28, 2025

Daily FT

Cabinet approves Rs. 250 m health program targeting youth

Focuses on suicide prevention, drug addiction and psychosocial issues

1 min  |

August 28, 2025

Daily FT

Govt. assures continuity of Pekoe Trail despite Founder's exit

TOURISM Minister Vijitha Herath yesterday reaffirmed that the Government remains fully committed to the continuation of the Pekoe Trail project, despite the exit of its Founder Miguel Cunat.

1 min  |

August 28, 2025

Daily FT

Arrest of former President Ranil: Test case for Sri Lanka’s democracy

SRI Lanka has entered uncharted political and legal territory. For the first time in its post-independence history, a former President has been arrested, remanded, and brought before a court of law. The charges concern the alleged misuse of public funds for private foreign travel, following investigations by the Criminal Investigation Department (CID).

3 min  |

August 28, 2025

Daily FT

Strategic planning: Missing link for SME success in Sri Lanka

The question is not whether your SME can afford to invest in strategic planning, but whether it can afford not to

7 min  |

August 28, 2025

Daily FT

Perverse pleasures of genocide

A bomb has been dropped on the Nasser Hospital in Khan Younis, Gaza. Someone is videoing from a distance, and we see Palestinian aid workers climbing up the stairs, trying to rescue the survivors.

4 min  |

August 28, 2025

Daily FT

President says Defence Hospital must ramp-up public healthcare services

PRESIDENT Anura Kumara Disanayake on Tuesday said the Government bore significant expenses to maintain the Sir John Kotelawala Defence University Hospital and instructed officials to streamline and deliver healthcare to the public in a “more efficient and effective manner.”

1 min  |

August 28, 2025
Daily FT

Daily FT

From ashes to action: Kandurata Umbrella Industries resumes production in record time

IN an astonishing display of resilience and community spirit, Kandurata Umbrella Industries Ltd., announced this week that it has resumed production at its Gampola factory, less than a month after a devastating fire completely destroyed the facility.

1 min  |

August 28, 2025

Daily FT

Gem Sri Lanka 2026: Ultimate sourcing mission

Govt. and industry support A gateway to the global marketplace

3 min  |

August 28, 2025
Daily FT

Daily FT

Foreign Minister draws line between personal and official travel in Wickremesinghe probe

Foreign Minister Vijitha Herath notes State-sector circulars allow internal travel, but private international trips financed by public funds constitute misuse Opines case marks visible shift towards accountability for political elites Says Govt. welcomes Opposition realignments, highlighting law enforcement now applies regardless of political status

1 min  |

August 28, 2025

Daily FT

Sysco LABS Sri Lanka appoints Thushera Kawdawatta as Managing Director

SYSCO LABS Sri Lanka, the largest Global Innovation Center (GIC) of the world leader in food service, said it has appointed Thushera Kawdawatta as Managing Director.

1 min  |

August 28, 2025
Daily FT

Daily FT

JB Lands celebrates 45 years of excellence in property development

THE real estate and property development sector continues to evolve, driven by economic progress, urbanisation, and changing consumer demands. Among the pioneers of this transformative journey is Janaka Bogollagama & Company, a name synonymous with trust, innovation, and accessibility in Sri Lanka's real estate landscape.

2 min  |

August 28, 2025
Daily FT

Daily FT

Ashwin retires from IPL to play in overseas leagues

FORMER India off-spinner Ravichandran Ashwin has retired from the Indian Premier League (IPL) and plans to play in other franchise leagues across the world.

1 min  |

August 28, 2025
Daily FT

Daily FT

John Keells Properties partners Bank of Ceylon

§ Initiative to provide 10 year fixed-rate home loan packages for VIMAN Ja-Ela buyers

2 min  |

August 28, 2025
Daily FT

Daily FT

Williams given US Open doubles wildcard with Fernandez

VENUS Williams will compete in the women’s doubles at the US Open after being awarded a wildcard with Canada’s Leylah Fernandez.

1 min  |

August 28, 2025

Daily FT

Anti-corruption drive must also focus on those facing charges within

PRESIDENT Anura Kumara Disanayake was addressing a conference of Bhikkus in Colombo as the news broke that former President Ranil Wickremesinghe had been granted bail by the Fort Magistrate Court for a case involving an alleged misappropriation of public funds. In the lead up to the bail hearing, momentum had been gathering outside the court with supporters of Wickremesinghe coming together to protest at what they called a politically motivated case against the former president.

2 min  |

August 28, 2025
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